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Len Penzo dot Com

The offbeat personal finance blog for responsible people.

The Pros and Cons of 5 Legal (and Illegal) Cash Advance Options

By Len Penzo

Let's get one thing straight; no matter how you slice it, when you're short on money, looking for a quick cash advance is the Hail Mary pass of personal finance. So a cash advance should always be the option of last resort. In an ideal world, ...

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October 24, 2022

End the Fed: Why the Federal Reserve Must Be Abolished

By Len Penzo

The central bank is an institution of the most deadly hostility existing against the principles and form of our Constitution. If the American people allow private banks to control the issuance of their currency, first by inflation and then by ...

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September 29, 2022

Multi-Currency Bank Accounts: Do You Need One?

By Sabado Domingo

Owning a personal or business multi-currency account has become the best option to conduct business worldwide because it enables you to transact using different currencies depending on the nature of your business or preference without worrying about ...

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August 30, 2022

18 Amazing Facts You Didn’t Know About ATMs

By Len Penzo

There was a time not too long ago when the ATM (automated teller machine) was known as the most important invention in the history of banking -however, that changed with the development of mobile payment and mobile banking. Even so, the ATM isn't ...

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August 8, 2022

What Everyone Should Know Before Depositing Their Money In a Bank

By Len Penzo

In case you're wondering, only 10% of all humans have an "outie" belly button. At least that's what Wikipedia claims. For what it's worth, like most folks, I have an "innie." By the way, belly buttons don't have a monopoly on innies and outies; ...

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July 4, 2022

A Primer on the Gold Standard and Gold Revaluation

By Len Penzo

Today I want to share a primer with you on the gold standard, as well as a fun hypothetical example of how a potential gold revaluation would work. With nearly $200 trillion in funded and unfunded liabilities on its books, the US government has ...

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June 6, 2022

What Girl Scout Cookies Can Teach Us About Mortgages

By Len Penzo

I love this time of year because the Girl Scouts in my area are out selling their cookies. Of course, that means they'll soon be knocking on my door -- and I'll once again spend 10 minutes agonizing between the Thin Mints, Do-Si-Dos and Caramel ...

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April 18, 2022

Romance Scams On the Rise: How to Stay Financially Safe Online

By Sabado Domingo

As more and more of our lives go online, it's no wonder that we look for ways to stay safe. In fact, 57% of us prefer to carry out our banking over the Internet, and that number is increasing all the time. Yet, recent reports of an increase in ...

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February 22, 2022

100 Words On: Why Time Is More Valuable Than Money

By Len Penzo

Although you'd never know it based upon the ways people treat time and money, the former is significantly more valuable than the latter because our life here on earth is finite. Yes, time is free; ironically, it's also priceless. That's because we ...

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February 10, 2022

Bank-By-Phone Programs Can Help Those Without Checking Accounts

By Sabado Domingo

Even with all the advancements in banking technology, there are still millions of Americans without so much as a checking account. Luckily, more bank-by-phone programs are becoming available for those without the ability to bank. Here are just a ...

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January 26, 2022

Checking Accounts: Types, Uses, and Why You Should Have One

By Sabado Domingo

You can walk into any regular bank and request to open a checking account. A checking account is a standard bank account in which you are allowed to make deposits and withdrawals anytime without stringent limits and rules. They can also be called ...

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January 21, 2022

How to Use Bitcoin While Traveling

By Sabado Domingo

We all love to travel, but exploring a new country with fiat currency can take a lot of effort. Coins and cash weigh down your pockets and on top of that, you need to convert your money. That's why traveling with bitcoin (BTC) is a great option. You ...

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October 4, 2021

Great Ways to Find the Best Interest Rate for Your Home Loan

By Sabado Domingo

Mortgages can eat you alive. That's because even after identifying the home loan particulars you're looking for, you still have to find the best deal. For example, you may know that you are looking to finance $500,000 for 30 years. But how do you ...

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September 22, 2021

18 Bizarre Facts You Probably Didn’t Know About the $2 Bill

By Len Penzo

Not too long ago I had to mosey on down to my local hardware store because I needed propane for my barbecue grill. The total price for the refill came to $17.96. At first I tried to pay with a credit card but, for some reason, their machine was on ...

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September 13, 2021

3 Ways to Obtain Loans for Your Small Business

By Enero Febrero

Small business owners often think that raising capital is necessary for business expansion; however, the key metric for growing business operations is the amount of money available to mitigate financial risks arising from unforeseen events and ...

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September 9, 2021

Is It Finally Time to Get Rid of the Penny?

By Len Penzo

Several years ago I moved into a new office at my place of employment. When I looked in the desk, I found 162 pennies in one of the drawers. I can only assume that the previous owner used the desk as his chosen repository for all the pennies he ...

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August 9, 2021

6 Cheap Ways to Send Money Abroad

By Sabado Domingo

Sending money to people or accounts held in foreign countries comes with its own set of complications and costs. Whether you're doing business with a foreign contractor or vendor, sending money to a relative living abroad, or just making sure that ...

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June 24, 2021

What Are the Most Secure Online Payment Methods?

By Sabado Domingo

From paying bills to online shopping to in-app purchases and everything in between, every transaction puts us at risk of having our banking information stolen. There are some basic safety steps that can be taken, like making sure a website uses ...

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June 3, 2021

Why You Should Always Haggle When Comparing Money Transfer Firms

By Enero Febrero

A good website and a recognizable brand name does not a great money transfer company make. With so many options to choose from, there is no reason for consumers not to investigate many different firms when trying to figure out who to transfer their ...

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June 3, 2021

Joint vs. Separate Bank Accounts: Which One Is Better?

By Mikey Rox

It's the eternal question for those who settle down together is and always will be: separate or joint bank accounts? There are arguments for and against both scenarios. So sit down, read this with your boo, and then have a conversation about what ...

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May 18, 2021

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